Get out of debt brehs

[88m3]

When and what part are you trying to go in japan? I'm working on relocating there permanently.

Out of curiosity what made you decide to relocate there if you don't mind?

 

[newarkhiphop]

By winter I'll have my 25k in student loans paid off in 13 months.


Save a large sum of money in your savings account while you're loans are accruing more interest and not bite the bullet brehs.

you've paid off 25k in 13 months, or your 25k loan will be done in 13 months?

thats a pretty good clip anyways

like i said before ive paid off about 8k in 6 months but still got $34k left

 

[newarkhiphop]

I've heard it's good and bad to pay off your loans too quickly. Making timely payments shows CRA's that you're responsible and also builds credit history. My credit score has gone up dramatically because of it.

Story's made up by the biggest scammers ever CC/loan company's to keep ppl in debt , dont get me wrong my credit is good but it was by accident because i went so hard on paying off debt, i believe i said it in the the OP but ive never owned a CC (only by luck again) but i never plan on owning one and my girl hasn't used hers in two yeaars . If we cant pay/buy something in cash we dont get it that simple

Trust me when your debit free and have cash in the bank , and show up with cash to buy something no one is going to deny u buying some cash cuz u have a low credit score, cash is king. My current goal is to get my credit score to O.

 

[Dank Hill]

Out of curiosity what made you decide to relocate there if you don't mind?

its just time breh. I just got tired of america and its bullshyt.

 

[Jesus]

you've paid off 25k in 13 months, or your 25k loan will be done in 13 months?

thats a pretty good clip anyways

like i said before ive paid off about 8k in 6 months but still got $34k left

Will be done in 13 months total... prior time the loan has been in deferment.

 

[Jesus]

When and what part are you trying to go in japan? I'm working on relocating there permanently.

I'll be relocated there this June. Will be there for a couple of years. I'll be in Yokosuka

 

[Dank Hill]

I'll be relocated there this June. Will be there for a couple of years. I'll be in Yokosuka

Bet, you'll be down south but hmu whenever you in tokyo.

 

[theworldismine13]

One thing I will add to this thread is to never, never, ever get involved with online payday loans. You sign them documents and receive the money in your account next day or whatever, thinking you will just pay them on payday. Thoughts of just doing the minimum or paying the refinance/rollover fee while nothing going to the principal. Before you know it, the $300 loan you took out weeks ago, you have paid damn near $300 in refinance fees and you still owe $300 + 800% interest. I messed around with this viscous lifestyle for a few years, wasted soo much paycheck cash on it too. Once I was done with that mess, I said I would never go back unless it was an emergency that I couldn't cover with money in my bank account.

I remember reading horror stories of people having 8 payday loans out, fees putting they paycheck in a chokehold cuz they can't pay their rent, car note, and utilities. Debt collectors for these companies would call and threaten jail time, wage garnishment, arrest at your job and worse. Found out 95% of those payday loan companies are operating illegally, not licensed to do business in the state you live in, rollovers were illegal and you were only obligated to payback the principal. Them companies weren't trying to hear that, no fukks given about state laws, and the continuously draining of your bank account/paycheck. Debt websites helped, found out what lenders were legal, and gave you draft letters to send to get them to settle.

i think one the best solution to payday loans and even just living paycheck to paychek and trying to stay on budget is an american express charge card

its a charge card so you have to pay it off every month, but it still gives you 2 or 3 weeks flexibility and its easier to track your budget and its not that hard to get one

 

[theworldismine13]

Story's made up by the biggest scammers ever CC/loan company's to keep ppl in debt , dont get me wrong my credit is good but it was by accident because i went so hard on paying off debt, i believe i said it in the the OP but ive never owned a CC (only by luck again) but i never plan on owning one and my girl hasn't used hers in two yeaars . If we cant pay/buy something in cash we dont get it that simple

Trust me when your debit free and have cash in the bank , and show up with cash to buy something no one is going to deny u buying some cash cuz u have a low credit score, cash is king. My current goal is to get my credit score to O.

there is nothing wrong with living like that and you are correct that nobody is gonna turn down cash, but i disagree about not having a credit card, i think you are conflating debt with credit

having debt is bad, having credit is good, you should get the highest credit limits you can get without actually using the credit

 

[newarkhiphop]

there is nothing wrong with living like that and you are correct that nobody is gonna turn down cash, but i disagree about not having a credit card, i think you are conflating debt with credit

having debt is bad, having credit is good, you should get the highest credit limits you can get without actually using the credit

Problem is most people aren't disciplined with money and especially not with credit cards which alot look at as "free cash" idk I've personally seen too many people ruin themselves financially by getting credit card swipe happy but yea in today's society I understood why I good credit score is important

 

[theworldismine13]

Problem is most people aren't disciplined with money and especially not with credit cards which alot look at as "free cash" idk I've personally seen too many people ruin themselves financially by getting credit card swipe happy but yea in today's society I understood why I good credit score is important

yeah but you've already shown discipline so you dont have to worry about that

its really just about having options, a couple of credit with high credit limits and a high credit score gives you options and flexibility for when you are making any major moves, like moving or buying big items

i think for you an amex charge card would work good, its technically not a credit card because it has to be paid off every month, no interest and it shows up on your credit report as a credit card with a high credit limit, the only drawback is the annual fee

 

[Jesus]

Authorized users on credit cards....

Mom had me on one she has had and seldomly used for emergencies. Started in 2001. Credit history has high impact on your score.

High reward low risk.... if the primary user ever starts to fukk off their credit just get your name removed and the tarnish is removed within 6 months.

If only I could get this hard credit check from tmobile off from January

 

[MercuryHayes]

From 19- 26:

About 20k in Student loans I couldnt/didnt pay off, about 4k in credit cards and let's say 1k in misc things

3 years later im about $1600 from being debt free ETA will be July

Credit went from 550-600 to 730


This extra $500 or so I've been paying on these debts monthly will be over soon

 

[Scott Larock]

Need advice.

I don't make alot of money but I'm thinking about letting my school loans go into default.

I don't make much so I don't credit St this point, it gives me time to try to come up with a good career idea but I'm worried about the effect if will have on my credit.

I have car payments that I intend to keep on paying far and credit cards, I cannot handle the school loans though their 32k.

I filed a ibr and they're telling me 150 a month and I can't do that.

Realistically speaking, I should probably let that go.

At this point outside of a car and place most of us can probably get away with bad credit.

 

[Rawtid]

Need advice.

I don't make alot of money but I'm thinking about letting my school loans go into default.

I don't make much so I don't credit St this point, it gives me time to try to come up with a good career idea but I'm worried about the effect if will have on my credit.

I have car payments that I intend to keep on paying far and credit cards, I cannot handle the school loans though their 32k.

I filed a ibr and they're telling me 150 a month and I can't do that.

Realistically speaking, I should probably let that go.

At this point outside of a car and place most of us can probably get away with bad credit.

Don't go into default, try to get a deferment. Call them and say you can't make the payments because you don't have enough money. I think you have to reapply every 6 months but it won't jack up your credit.